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Home My WebLink About1842 ~ ~ a ~ ~j I ~ 3. To p~ace and continuously keep on the bui!dings no.v or hereaiter a~tuate on sa~d land and on a;l equipment and personalty covered by thit mortg- ~ aga, w~?h atl premivnri thereon pa~d in tull, fire insurance in the us~ai standard policy form, in a sum npproved by the h1URTGAGEE, and windstorm inw~ance in ihe usual standard poGcy form, in a sum approved by the MORTGAGEE, in such company or companies as thz l~10RTGAGEE may d~red; a~d all iire and vv~ndstorm insura~ce policies on any of said build~ngs, any interesl iherein or part lhereoF, in thr aggregate ~um aforesaid or in exces~ Ihereof, shali contain the usual siandard morrgagee clau3e or such other clause as the lV~ortgagea may requ:re, ma~ing ~he loas under ~aid poli- cits, each and every, payabie to said h10RiGAGEE as iti iMerest may appear, and each and every wch poGcy ehall be promptly ass gned and delivered to tiy .~pa titnRTGAGEE as iur~her security to :aid mortgage debt, and, no? les~ than ten (1Q) daya in advance ef the expiral~on of each policy, to de- liver to said hiORTGAGEf a renewal thereof, fogelh~r with a receipt for iha pre~r~um of sucn renewoi; enu 9`e:c ;h~!! #:+e n, w;nd~~nrm insurante pleced on any of said buildings, any interest there~n or part Ihereof, unfess in ihe form'and ~n~ith the ~oss payable as aforesaid; and in the e~ent any ~um Of money becomef payablC ~nder tuch poficy or potic~es said MORTGAGEE shal) have !ha option to receive and apply tlie same on account o~! the indebted• ness secvred he~eby or to permit said h10RiGAGORS 1o receive and use it or any part thereof for other purposes, r~~thout th~~eu~ waivin~ or ~mpair- ing any equlty, tien or right under or by virt~a of this mo:tgage; and in t~ie event said h10RTGAGORS shaN for any reason fai! to keep fhe sa~d piemises so ins~red, or fail to deliver promptly any of said pol~cies of insu,nnce to said h10RTGAGEE, or t~il promptly to pay fully any pre~nium therefor or in any refptz~ fail to perform, discharge, execute, etfett, comp~ete, <omply with and abid> 6y this covenant, or any part hrreof, said h10RiGAGEE may place and pay for such insurance or any part thereof w~thou? walving or affetting any option, lien, equity, or righ! under or by virtue of this Mortgage, and the iul! amount of each and every such payment shall be immediately due and payable and shall bear interest from the date ihcreo( unti~ paid at tha rate o1 nine per centum per ennum and to~ether with such inte~est shali be secured by the lien of this mortgage. 4. To permit, commit or suf(er no ~vaste, impairment or deterioration of said properfy o~ any part ihereof, i ~ 5. To pay all and singular the.cosls, charges and exper.ses, including a reasonabte attorney's fee and costs of abstracts of tit!e, inturred or paid at eny time by said MORTGAG:E, be~ausz or in ihe event of the (ailure on the p~rt of the said htORTGAGOR to duly, promptly and fully perform, discharge. execute, e(fect, complete, comply w~th and ab:de by each and every the stioulat~ons, agreements, conditions, and covenants of said promissory note and th+s mortga~e any or eiiher, and sa~d cosis, charges and expenaes, ~ach s~sd every, e`~all be irnmediately due and payable; whe~her or ~ot there be notice de~ mand, atlempt fo collect ot suit pend~ng; and the full amount of each and every such paymeM shall bea~ interest from the date Ihereof until paid at the rate of nine per cemum per annum; and all said cosls, charges and expenses incurred or paid, togethzr w~th suth inferest, shall be secured by fhe lien o! this mortgage. ' A. Thai (a) in the event of any breach of lhis Mortgags or default on the part of the h10RTGAGOR, or (b) in the event any of sa~d sums of money ~ herein referred to b~ not promptly and iully paid within thirty (30) deys nexl after the same severatly become due and payabfe, without demand or notice, ~ or !c) in the even~ each and every the stiputations, agreements, conditions and covenants of sa:d promissory note and th~s mortgagr any o~ eithet are not ~uly, promp?!y and i~lly pertormed, d;scharged, execuled, eifeUed, completed, compl:ed with and abided 5y, then in either or any such event the said ag- gregate sum mentioned in said promissary note then remaining unpaid, with interest accrued, and all moneys secured hereby, shal! become due an~ pay- ~ able fortli.vith, or therealter, at the option of said MORTGAGFE, as f~lly and cc,mpletely as if all of tl~e said sums of money were originally stiputated ; fo be paid on such day, anylhing in sa:d promissory note or in this hlortgage to the tontrary notwithstanding; and thereupon ot thereafter at the option o( I said MORTGAvEE, ~vilhout notice or demand, suit at law or in equity, thereiore or thereafrer begun, may be prosecufed a~ if all moneys secured hereby ~ had matured pr~or to its institulion. 7. Thaf in tFe event that at the beginning of or at any time pending any svit upon this Mortgage, or to foreclose it, or to reform it, or to en(orte payment o( any claims hereundEr, said t.10RTGAGEE shall apply ro the Couri ha+ing jur~sd~ction thereof for the appo~ntment of a Receiver, such Court shall FortFiwith appoinf a receiver of said mortgaged property all and singuler, inclvd.ng all and singular the income, profits, issues and revenues from whatever ~ source derivpd, each and every of which, it being expres:ly understood, is hereby mertgayed as if tpec;fically set for~h and described in the granting and } habendum cfauses hereof, and such Receiver shall have all Ihe broad and effxtive funct,ons and powers in anywize eMrusted by a Court to a Receiver, and ~ such appo+ntment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference fo the r adequacy or inadequaty of the value of the properly mortgaged or to the so~vency or insolventy of said MORiGAGOR or fhe defendants, and that such ~ rents, prof~ts, income, issves and rever.ues shati be applied 6y surh Receiver according to the lien or equity of said h10RTGAGEE and the practite of such Covrf. 9. To duly, promptly and iuily perform, discharge, e::ecute, effect, complete, con,ply vri~h and abide by each and every the stipulations, agreements, tonditions and covenanti in aaid promissory note and this mortgage set forih. 9. Ti~at in the event the owr.ership of the mortgaged premises, or any part thereof, becomes vested in n person olher than the MORTGAGOR, the ~ MORTGAGEE, its succeisors and ass~gns, may, without notite to the hIORiGAOR, deal with such successor or svccessor in interest with reference fo this mortgage and the debt hereby secured in the same manner as with h5ortgagor withoul in any way vil~ating or dhcharging the l~tortgagors' liability here- ~ under or upon the debt hereby sec~red. No sale of the F+emises hereby mortgaged ar.d no forbearance on the part of the f10RTGAGEE or its successors or assigns and no extensi~n of the time ior the paymem of thA aebt hereby secured given by the PhORTGAGEE or its successon or assigns, e~iail operate to release, d~schar~e, modify char.ge or affect the original liability of tfie 1l,ORTGAGOR herein, either in whole or in pa~t. 10. If is speufically agreed that time is of the essence of this contrac~ and that no waiver of any obl~gation hereurder or of the obligation se- a;red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument s_cured he~6y. 11. In add~tion to the forego:ng monthly payments of princ'pDl and interest requ~red by the promissory r.o!e s^cured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~tio~al sum estlmated by mortgagee to be eq~ai ro 1~'12 of the annual cost cf the follaw- ing: A-AI! real property taxes levied or assassed agaiast th~ above described real estate. B-Premiums on fire and windstorm insurar.ce as herei~ requ~red to be cairied on the improveme~ts situate on the above d:scribed premises. C-Premiums on such mortgage guaranty insurar,ce as mertgagee shall from t~me to time deem fit to carry on the (oan secured here6y. ~1lortgagee shall from time to tirre notify mortgagor ~n writing of the amount due and payable hereunder and such sum shal) thereupan be due and payable on fhe due date of fha next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortg or of a change in such amount. Such sums shall be applied by mortgagee to.vard the payment of real property taxes, insurance prem;ums, and mo g e guaranty insurance premiums. ' IN ~VITNESS H%HEREO~, the said tA0 TGAGQR has hereunto set his hand and seal the day and ye ~ st aforasaid. ~ led and d~ej+jrered in presen of: . ~ { (Seei) i- ~ - (Seal) . ~ ~ (Seal) (Seal) $TATf OF fIORIDA ~ Sain~ Lucie ss. C~t1NTY OF Before me personally appeared ThOP1A S A• Dr i s c oll ~ and Doroth G. Driscoll ~ - ~ his wife, to me well known and known to me to be • the individ~als described in and who exec~ted the foregoing instrument, and acknc.vledged before me that they executed the same {or the purposes ~ therein expressed. And the said Dorothy ~'i~ Driseoll : wife ot the said Thoma s A~ Dri s e ol l , ~pon a separate and private exam~nation by me taken separate and apart irom her said h~sb nd, acknowledged to and before me that she executed said instrument free{y and volun- tarily and without any compulsion, constraint, apprehensio ,~ear of or from her said husband. ~ WITNESS my hand and official :eal this ` dqy-of_ F~%b1'uar' , A. •D. 19 66 `r , ~ Notary Public in and for the State of Florida at large ~ My Commission expires: ; Returr~ ~o: { First Federal Savings ~ loan Association C o F p• ~lotary Publl[, State af Flor;da at La~ge ! ot Fo~~ P~ercte,.eD ~ND RFC~`1D oOK t,~y Commission Expires Nor. 3, i969 ~ Fort Pierce, Fl~rkfe Bcaded 6y A~er.ceo FGe f. Casv:,Jty Ce. ' r/~' _ i , . , ~ . tcRa - . . f . _ , ~ /~/f~ ~ ,~V`~~4 • s^ly~,!/ 7• . - . ~~.i~~~~~-~=~•y~.',~~/r f( • . ~ ~~sess~., ~~'i, ~ .`\~~~LI`~•~..`~~r V ~ ~~1 , . ' . . .v'.~ ~ . . ~ i f~ ~ . 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